News
HGP – Digital Turbine Completes Acquisition of Mobile Posse
Strategic Acquisition Further Diversifies Mobile Platform and Creates Promising New Growth Opportunities via Synergistic Partnerships and Distribution Footprints
Fiscal Fourth Quarter Guidance Updated to Reflect Mobile Posse Contribution
AUSTIN, Texas, March 3, 2020 /PRNewswire/ — Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed the acquisition of Mobile Posse, Inc., a complementary mobile content discovery and advertising platform company.
“We are very excited to have completed the acquisition of Mobile Posse,” said Bill Stone, CEO of Digital Turbine. “Mobile Posse has a highly profitable business model with recurring revenue streams and an attractive margin structure. While we are certainly excited about the immediately accretive financial benefits of the acquisition, we are even more upbeat about the clear strategic benefits underlying the combination. Mobile Posse’s suite of highly-engaging content discovery products is a perfect complement to our core Digital Turbine platform offering. Working together, we will now look to leverage our respective product strengths and partner distribution avenues to continue to further differentiate our industry-leading, end-to-end mobile content delivery platform.”
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